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Tuesday November 3, 2009

DrStockPick.com Stock Report!

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Power3 Medical Products, Inc. (OTCBB: PWRM), a leader in neurodegenerative disease and cancer biomarkers and diagnostic tests, announces further international recognition of validity as the company’s President and CSO, Dr. Ira Goldknopf, will deliver an invited Keynote address and chair a session on “Biomarkers and Diagnostics in Personalized Medicine (Track 6-4),” at the BIT Life Sciences 2nd International Congress and Expo of Molecular Diagnostics in Beijing, China, November 19-21, 2009. The Theme of the meeting is “New Leadership

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The trouble with being a contrarian is that you can never be quite contrarian enough.

We began having doubts about the ‘feds inflate… gold soars’ hypothesis last year. It was too easy… too obvious. And if it were that easy to inflate a nation’s currency, how come the Japanese couldn’t get the hang of it in the ‘90s?

So, we moved towards a contrarian position – inflation, yes… but not for a while. And gold? Well, we are in it for the long run. In the short run, anything could happen.

To clarify our view on gold, the Daily Reckoning is not bearish on the metal. It is not bullish on the metal either. It is buggish. We are gold bugs. In the long run, gold will retain its value. Since that’s all we ask of it, we are always satisfied. Even if it is down in the short

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Consorteum Holdings Inc. is an international company focused on the financial services, payment and transaction processing industry. The company provides a unique long-range strategic plan that is tailored to a client’s specific needs for electronic transaction and management services. Consorteum provides these services to a wide variety of private and public entities using the most technically advanced global solutions.

The company is confident that they have spotted a significant growth opportunity in the United Arab Emirates (UAE). Consorteum believes there are unique factors at work in the UAE that may lead to exponential growth.

One major factor is the expanding workforce. Recently, the United Arab Emirates has represented the highest growth area on the planet for new construction. This trend is expected to continue right through to 2018 as wealth pours into the region. The workforce being hired for the construction projects are

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Currencies trade in a tight range…  G-20 to shun an exit from stimulus?  Gold and Silver and Oil… A new trend? Loonies follow the commodities higher… And Now… Today’s Pfennig! Good day… And a Happy Friday to one and all! Well… Once again, my day didn’t turn out exactly as planned, but as they say… A bad day at the ballpark is better than a good day and then you plug in the place… It could be work… It could be cutting the grass… Etc..

OK… I heard a great song on the radio this morning on my way to work… And I said to myself… Chuck, now that’s a great song to start a day with, that everyone should hear each day! It’s a song from the 60’s (of course!), by the Rascals, called… It’s a Beautiful Morning… Here’s the first verse, and if you know the song, I’m sure you’ll want to sing

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Deutsche Bank Securities Inc., the New York unit of Germany's Deutsche Bank AG (DB), has a $42 million unsecured claim against mortgage lender Taylor, Bean & Whitaker Mortgage Corp. Taylor Bean filed for Chapter 11 bankruptcy protection on August 24 as it was forced to shut its mortgage lending operations on August 5. The filing in the U.S. Bankruptcy Court listed the claim as disputed and ranked it as the largest unsecured claim against Taylor Bean. Taylor Bean said the claim was related to Ocala Funding, an entity set up by Taylor Bean to borrow money for short periods to fund home loans. The filing also listed a $9 million claim from James G. Hicks of Lawrenceville related to money owed for the acquisition of a mortgage company made by Taylor Bean. The company said approximately 100 Taylor Bean bank accounts were frozen by Colonial ...

Yesterday, Taylor, Bean & Whitaker Mortgage Corporation filed for Chapter 11 bankruptcy protection after it was forced to shutter its mortgage lending operations earlier this month. The Ocala, Florida-based company had captured 1.7% market share nationwide by creating $17 billion of mortgage loans from January to June, 2009. On that basis, it was the 12th largest mortgage lender in the U.S. Taylor was also one of the largest U.S. home loan providers not owned by a large bank. As a result, there was lack of significant amount of deposits that could help cushion its capital position in the troubled market environment. The company filed for bankruptcy due to recent actions taken against it by the Department of Housing and Urban Development, and mortgage financiers Freddie Mac (FRE) and the Government National Mortgage Association (Ginnie Mae). Further, the negative developments at Taylor were related to ...

One of Consorteum Holdings’ main goals is to provide superior, viable financial options for the grossly underserved segment of the population, mainly, the underserved and underbanked. By aiding this clientele, the company aims to become a prominent leader in the Consumer Financial Services (CFS) market.

The unbanked/underbanked population includes individuals who receive government benefits, payroll cheques, and other types of payments, but currently have minimal or no banking relationship. Two-thirds of CFSC’s customers, the underbanked, are those who already have bank accounts, but typically seek more convenient financial services. The remaining customers (the ‘unbanked’) are those who have been ignored by mainstream financial institutions; they look to CFSC for basic financial service.

CFSCs are leaders in the electronic distribution of government benefits, e.g., Social Security, U.S. Servicemen Checks, etc. They are also leaders in electronic bill payments. The average CFSC offering check-cashing services

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Many readers have been following the legal saga of William Browder, Hermitage, and HSBC against Renaissance Capital and certain members of the Russian government alleging a $230 million fraud scheme.  Now we've got our hands on a public filing from the case.  As far as I am aware, this blog is the first to track down this declaration by the lawyer Neil Micklethwaite filed in the Southern District Court of New York supporting a foreign discovery claim on behalf of the plaintiffs.  This is a public legal filing containing allegations which have not yet been ruled on in a court of law, which of course bear no relationship whatsoever to this blog or its authors.  Click here to download

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Offshore account holders wait for the knife to fall, says Raife Neuman, tax planner for Bonner & Partners Family Office. The question is: How sharp it will be?

As I’ve written before, the Obama administration has given offshore tax avoiders a chance to come clean; but for some, the door is closing quickly. At issue is the IRS crackdown on individuals holding US securities in offshore accounts who don’t pay taxes on their earnings.

It was a nice little gig until the IRS took advantage of the dire economic situation and started shaking down Swiss bank UBS. The IRS is demanding that UBS turn over the names of US citizens with fabled Swiss bank accounts.

While waving its big stick at UBS, the IRS gave individuals the opportunity to come forth with their accounts themselves – accompanied by a penalty, of course. The implied threat is that if you don’t

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China is making preparations for the ultimate demise of the dollar … and so should you.  Stories knocking the dollar never get much exposure in the mainstream media (many outlets wrongly consider it unpatriotic to bash the buck).

But here’s the story in a nutshell. Li Lianzhong, a senior economist in the ruling Chinese Communist Party, directly attacked the dollar yesterday. Li’s message is simple: China should buy more gold because the dollar is poised for a fall. Li also said that China should use more of its $1.95 trillion in foreign reserves to buy energy resource assets.

Speaking at a forex and gold forum, Li asked the very valid question, “Should we buy gold or U.S. Treasurys? The U.S. is printing dollars on a massive scale, and in view of that trend, according to the laws of economics, there is no doubt that the dollar will fall. So gold should be

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